Affirm launches high-yield savings account - Business Insider - Business Insider

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Affirm launches high-yield savings account - Business Insider - Business Insider
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Affirm's strong brand, focus on younger consumers, and existing user base of 5.3 million could drive early adoption of its savings account

— and neobanks like Chime and N26 offer above-average APYs too. What's more, many neobanks have rounded out their product suites with robust personal finance management tools.

Expanding its product suite to a savings account deepens that mission by encouraging customers to build up their savings with the incentive of a high APY. In communications with users who transact on the platform, Affirm can highlight the added benefits of using the savings account in conjunction with the lending service.

 

With the HIGH interest rates they charge, it’s the least they can do for those using these crooks as their savings bank.

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